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Prime 1. 05+ acre commercial redevelopment site located at 3100 NW 62nd St, Miami, FL 33147, within the Brownsville / Liberty City submarket of NW Miami. The property is offered as commercial land / redevelopment site and is zoned BU-3 (Business District – Intensive Commercial), allowing a wide range of high-density commercial and mixed-use development options. The site offers strong frontage, excellent visibility, and convenient access to major roadways, highways, and public transportation. Currently vacant land, with utilities nearby or available (buyer to verify), this prime infill parcel is surrounded by established residential neighborhoods, employment centers, and an active redevelopment corridor. Flood zone and development parameters to be verified by buyer. Permitted and potential uses include office or corporate campus, retail or shopping plaza, hospitality (hotel or boutique hotel), mixed-use development, medical or professional services, and institutional or community-oriented uses. With a limited supply of well-located commercial land in Miami, this offering represents a rare value-add and infill redevelopment opportunity in a high-growth, supply-constrained urban market. Buyer to verify zoning, density, permitted uses, and development potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $4,560,000 | $4,560,000 | $4,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $25,891 | $26,974 | $37,867 |
| Total Monthly Payment | $26,016 | $27,099 | $37,992 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.